Form 4: NuScale CTO Transfers Shares to Family Trust

NuScale Power Corp's Chief Technology Officer, Jose N. Reyes Jr., transferred 295,809 Class A Common Stock shares to a family trust for no consideration, retaining beneficial ownership.

Summary

• Jose N. Reyes Jr., Chief Technology Officer of NuScale Power Corp (SMR), transferred shares on August 14, 2025.
• A total of 295,809 shares of Class A Common Stock were transferred to the Donna Jean Reyes Trust, dated August 2, 2021.
• The transfer was a gift, with no monetary consideration ($0).
• Reyes Jr. remains the beneficial owner of these securities, as he is the trustee of the Donna Jean Reyes Trust, and he and his immediate family are its sole beneficiaries.
• Additionally, 295,809 shares and 16,313 shares were disposed from the Jose N. Reyes, Jr. Trust, dated August 2, 2021, resulting in 220,630 shares remaining in that trust.

Sentiment

Score: 5

Explanation: Neutral. The filing reports a routine insider transaction (gift transfer to a family trust) that does not indicate any change in the company's operational or financial performance, nor does it reflect a change in the insider's overall beneficial ownership.

Future Outlook

No forward-looking statements or guidance were provided in this filing.

Management Comments

• The reporting person remains the beneficial owner of the securities held by the trust.

Industry Context

This filing details a routine insider transaction related to an executive's personal estate planning, which is a common practice across industries and does not reflect broader industry trends or competitive dynamics.

Related Party Transactions

• Transfer of 295,809 shares of Class A Common Stock to the Donna Jean Reyes Trust, dated August 2, 2021, for no consideration. The reporting person is trustee of the trust, and the reporting person and members of his immediate family are the sole beneficiaries.

Stakeholder Impact

• Shareholders: No direct impact on company operations or share value from this specific transaction, as beneficial ownership remains with the reporting person.
• Employees, Customers, Suppliers, Creditors: No direct impact.

Key Dates

Recommendation

The Form 4 filing details a non-sale transfer of shares by a key executive to a family trust for estate planning, with the executive retaining beneficial ownership. This type of transaction is routine and does not reflect on the company's operational performance, financial health, or future prospects. Therefore, it provides no new information that would warrant a change in investment recommendation.

Keywords

NuScale Power, SMR, Jose N. Reyes Jr., Chief Technology Officer, CTO, SEC Form 4, Beneficial Ownership, Stock Transfer, Family Trust, Class A Common Stock